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Mar 2, 2013
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the market is telling us it has disconnected itself from washington, that washington is, you know, acting like a child, and they're looking just at the bottom line. they've got an awful lot of money sitting on the sidelines. these companies are doing as much as they can with the workforce they've got. many of these companies make 45% or half of their revenue from overseas. the stock market is a proxy for overall growth in the world, not washington in action. >> we're going to talk a lot more about the stock market and how you invest in this climb, make money and safe from losing money in a little while. nobody thought forced spending cuts would happen but they did. most likely your world is still the same today as it was yesterday. washington's next completely avoidable crisis will hit you hard no matter who you are after march 27th. target is in sight. yes, dad, i see him. now pour some chloroform into a white rag and.... no. hi. i understand you're looking for a hotel with a pool. with priceline express deals, you can save big and get exactly what you need. do i have to bid? use the stu
the market is telling us it has disconnected itself from washington, that washington is, you know, acting like a child, and they're looking just at the bottom line. they've got an awful lot of money sitting on the sidelines. these companies are doing as much as they can with the workforce they've got. many of these companies make 45% or half of their revenue from overseas. the stock market is a proxy for overall growth in the world, not washington in action. >> we're going to talk a lot...
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Mar 31, 2013
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>> that's where washington comes in. i think of it as the global financial crisis sent us into the icu. we recovered, we're out of the hospital. we are better than others, but we are still structurally impaired. so everybody is expecting us to run, but we're just walking. in order to get running, we need to improve the structure of the economy. >> that's a long-term project. it's nonobvious. right? the thing about being in icu is it's pretty obvious things need to be done to get past the financial crisis. >> stimulus and bailouts at the moment. >> mohammed is talking about the big project of the 21st century and no one really knows how to do it. >> we are in a period where people are running and making a lot of money in housing and the stock market. they are the people who predictably who already have capital, already have money to deploy. and the vast majority of us are not able to go ahead and ride the fed. >> that speaks to the fundamental issue any investor should be asking today. it's not what can go well, but if i
>> that's where washington comes in. i think of it as the global financial crisis sent us into the icu. we recovered, we're out of the hospital. we are better than others, but we are still structurally impaired. so everybody is expecting us to run, but we're just walking. in order to get running, we need to improve the structure of the economy. >> that's a long-term project. it's nonobvious. right? the thing about being in icu is it's pretty obvious things need to be done to get...
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Mar 3, 2013
03/13
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not washington in action. >> okay. we're going to talk a lot more about the stock market and how you invest in this climate in a little while. no one thought the forced spending cuts would happen. but they did. most likely your world is still the same today as it was yesterday. but washington's next completely avoidable crisis would hit you hard, no matter who you are after march 27th. i'll explain that after the break. [ man ] i've been out there most of my life. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪ i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s.
not washington in action. >> okay. we're going to talk a lot more about the stock market and how you invest in this climate in a little while. no one thought the forced spending cuts would happen. but they did. most likely your world is still the same today as it was yesterday. but washington's next completely avoidable crisis would hit you hard, no matter who you are after march 27th. i'll explain that after the break. [ man ] i've been out there most of my life. you name it...i've...
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Mar 16, 2013
03/13
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what else are they other than washington? >> in america we've been worried to risks to the american dream since about 1492. we fret about the american dream and model. a lot of people look at the stock market and say this is an example of this renaissance we're on the verge of, the storm at record highs. but there are a lot of folk who is say, look, the reason why the stock market is at record highs, three little letters -- f-e-d. the fed. listen to what jim rogers said this week. >> if you give me a trillion dollars, i'll show you a good time, too. they're throwing money out the window into the marks and it's going somewhere. >> so let's think about that for a minute. how much of this renaissance is being driven by the fed in the short term? talk about the longer-term investments we need to have a true american renaissance in the next century but in the short term many say renaissance is really federal reserve stimulus into the economy. >> at least that part that is the stock market, that part that is the housing market, but
what else are they other than washington? >> in america we've been worried to risks to the american dream since about 1492. we fret about the american dream and model. a lot of people look at the stock market and say this is an example of this renaissance we're on the verge of, the storm at record highs. but there are a lot of folk who is say, look, the reason why the stock market is at record highs, three little letters -- f-e-d. the fed. listen to what jim rogers said this week....
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Mar 23, 2013
03/13
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they did this in the same stupid way washington does things. budgets are not meant to be presented for a partisan vote like this one. they are meant to be discussed and negotiated. none of that has happened since 2009. >> let's break it down. there was no new taxes, it would curb spending by repealing obama care and eliminate the deficit in ten years. $4.6 trillion in cuts. zero chance of passing in the democratic-controlled senate, it's dead on arrival. >> lawmakers in the house and senate approved legislation to fund the government through the end of september. that avoids the risk of a partial federal shutdown. in the process, they are on spring break for a couple weeks. what's your take on this? >> my take is the whole financial dysfunction of our congress is mind blow iing. you look at this week. let's say frederick, maryland, where there's air traffic control that will be shut. a tower that was built by the stimulus money. so stimulus money went into this tower. the government saying it's a priority. and the the government because of its
they did this in the same stupid way washington does things. budgets are not meant to be presented for a partisan vote like this one. they are meant to be discussed and negotiated. none of that has happened since 2009. >> let's break it down. there was no new taxes, it would curb spending by repealing obama care and eliminate the deficit in ten years. $4.6 trillion in cuts. zero chance of passing in the democratic-controlled senate, it's dead on arrival. >> lawmakers in the house...
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Mar 10, 2013
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joining me now is david lion hart, the washington, d.c. bureau chief for "the new york times" and author of the must-read great new book called "here's the deal." in your book you argue that we have come to believe a story about the deficit that simply isn't true. in fact you write, looming deficits seem to stem from weak-willed politicians, wasteful government programs that don't benefit us and tax avoidance. >> stem from fact that most americans are scheduled to receive far more in medicare benefits than they have paid in medicare taxes. you cite a shocking stat to back it up. a couple earning average wages who retired in 2010 paid $88,000 into medicare. including the employer portion by the way that they didn't pay. that couple will receive benefits worth $387,000. david, medicare is the biggest driver of our debt how do we fix it? should it be voucherized ala paul ryan? what's the solution? >> that includes premium, it includes inflation, it includes all the things that a good calculation would include. and so basically the problem is
joining me now is david lion hart, the washington, d.c. bureau chief for "the new york times" and author of the must-read great new book called "here's the deal." in your book you argue that we have come to believe a story about the deficit that simply isn't true. in fact you write, looming deficits seem to stem from weak-willed politicians, wasteful government programs that don't benefit us and tax avoidance. >> stem from fact that most americans are scheduled to...
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Mar 9, 2013
03/13
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david leonhardt is author of "here's the deal," washington bureau chief with "the new york times." back in 2009 i wrote a book called "gimme my money back. "i talked about the stock market. i said despite what's going on in the stock market, remember, january 2009, the market was almost at the lowest that it reached. i said i'm sticking to my investment plan. despite the current turbulence i haven't changed it one bit. i know the market will recover and that my investments will grow. the dow hit record highs this week. if you've been listening to me yell "buy" for the past five years, you are rich right now. you probably don't need to watch this show. if you ignored me, i forgive you, i guess. in either case, we'll look at where to put your money now. >>> and rudy giuliani says the u.s. government is spending too much of your money on the wrong things. i'll tell you where he wants to put it instead. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bo
david leonhardt is author of "here's the deal," washington bureau chief with "the new york times." back in 2009 i wrote a book called "gimme my money back. "i talked about the stock market. i said despite what's going on in the stock market, remember, january 2009, the market was almost at the lowest that it reached. i said i'm sticking to my investment plan. despite the current turbulence i haven't changed it one bit. i know the market will recover and that my...